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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (5754)11/3/1997 5:19:00 PM
From: mc  Read Replies (1) | Respond to of 14162
 
Thanks for the input, Vol. I think you're right about waiting to cover, but, I sure am kicking myself for going out to February. Unfortunately I needed to save some $ on taxes this year.

IOM sure was strong today, up 1 3/4 on no news. It's going to have to take a big dip to bail me out from a 22 1/2 call. Guess I'll just have to wait, hope it moves sideways, and let some time value erode.

Are you hoping to cover or be called out? I'm sure with the nice up move, you'll be pocketing a nice profit at 25.

Gary



To: Vol who wrote (5754)12/16/1997 2:15:00 PM
From: mc  Read Replies (1) | Respond to of 14162
 
Vol, you out there? What happened with your Nov. 25 IOM? Did you buy 'em back or let them get exercised?

I'm still short the Feb 22 1/2. Wanted to buy back during the decline recently, but, margin calls due to VVUS effectively eliminated that choice.

Good luck,

Gary


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